First pitched at a Dublin fintech hackathon hosted by Ulster Bank, Circit had an unlikely start for a team of auditors with an idea. The idea was a platform that could prove asset ownership across all of financial services, and verify business accounts online and instantly for the first time.
Launched in October 2017, Circit caught the attention of global banks and auditors who joined the platform to help customers with their year-end audit. The value created was clear and network effects began to appear as auditors invited banks, and vice-versa.
The bigger vision starts to become a reality as Circit achieves regulator approval by the Central Bank of Ireland as the first Account Information Services Provider (AISP) under the PSD2 regulation and Open Banking in the U.K with the FCA. This accelerated Circit’s traction with direct integrations to banks across Europe and positioned us with a unique proposition as the verification layer for traditional financial assets and the next wave of Open Banking and Decentralised Finance.
We achieved 400%+ revenue growth in 2020, the team tripled in size and we supported the rollout to ‘Big Four’ audit firms who confirmed balance-sheet positions with over three thousand different financial services providers.
In the next 10 years, the global financial system will undergo the biggest shift in history where every business will have financial technology built-in. Trust and identity will be critical components for the frictionless transactions expected by the market. Automation through Open APIs, AI and smart contracts will completely remove manual processing, freeing up businesses and their advisers to do what they do best for a safe sustainable future.
We have brought together some of the most passionate and committed talent form around the world all dedicated to making life better for our customers.
"It's an exciting and dynamic time in fintech and I'm exciting to bring Circit's success to North America"
"It's a dynamic and encouraging environment here at Circit which I love the most. Explore, Innovate, Automate & Inspire is the mantra"
“Excited to be a part of the team that’s making the vision to create the world’s best UX for verifying assets and transactions a reality.”
“The Circit Platform adds a key piece to the regTech/finTech space through how it reduces the turnaround time on the provision of compliance data. I am excited to play my part in this effort.”
“Enabling business in a FinTech like Circit it is a challenge but people make it easier.”
“As a former auditor, I'm intrigued by Circit's potential to solve industry challenges. The team's talent and drive are focused on innovating audit practices.”
"Success is different to everyone but it's an incredible thing to work at Circit where all our individual victories contribute to our collective success in auditing."
“It’s great to be apart of the Circit journey and to be around so many incredible people. Every day is fun and different which keeps me driven and inspired.”
